Looking for tips as I create a new lease agreement
I am about to move into a house hack (duplex) that I just purchased. I have one more year until the downstairs tenants lease is up. I would like to create my own lease agreement once this happens, for this property and future investment properties.
What should I make sure to have in my lease agreement that would make my life easier, or protect me as the landlord in the future. Similarly, what could really hurt me if I don't include it in the agreement. ( I would like to hope for the best, but plan for the worst)
ie) pets will require an additional 50 dollars a month in rent; or having an extra charge notated for late rent
Also, if anyone has any horror stories about something not being in their lease agreement. I would love to hear about it.
Most Popular Reply
@Evan Rumble as a pro member you can get a lease written by investors, vetted by attorneys for your state. This is under the tools section of BP. One created by you may be in conflict with the landlord tenant laws in your state.